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Amazon has confirmed that it’ll now not settle for UK-issued Visa bank card funds from 2022.
The corporate has been emailing UK prospects to tell them that from January 19, 2022, Visa playing cards issued within the UK is not going to be a legitimate technique of cost for Amazon services and products. The corporate’s customer support division has additionally confirmed the information on Twitter.
Amazon says that that is “as a result of excessive charges Visa prices for processing bank card transactions.”
UK bank card funds will nonetheless be attainable on Amazon, however solely utilizing Mastercard or American Specific. In the meantime, Visa debit playing cards will stay viable.
In an announcement, Amazon explains that: “The price of accepting card funds continues to be an impediment for companies striving to offer the most effective costs for patrons. These prices needs to be happening over time with technological developments however, as a substitute, they proceed to remain excessive and even rise.”
Visa, for its half, has mentioned that it’s “very dissatisfied that Amazon is threatening to limit shopper alternative sooner or later”, however that it’ll “proceed to work towards a decision, so our cardholders can use their most popular Visa bank cards at Amazon UK with out Amazon-imposed restrictions come January 2022.”
It’s the most recent and most dramatic transfer in an ongoing struggle between Amazon and Visa over funds. In September, the web retailer imposed a 0.5% surcharge on Visa bank card transactions issued by its Singapore web site. It then utilized the identical tactic in Australia.
On each events, Amazon provided a present card to entice prospects to change to another cost technique.
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